SEOUL, Nov. 10 (Korea Bizwire) — POSCO, the world’s fifth-largest steelmaker by output, said Tuesday that it has installed key equipment at its sinter plants in the southeastern city of Pohang in the latest move to reduce nitrogen oxide (NOx) emissions. The Selective Catalytic Reduction (SCR) equipment at three out of four sinter plants in [...]
SEOUL, Nov. 10 (Korea Bizwire) — South Korean fuel cell maker Doosan Fuel Cell Co. said Tuesday it has signed a preliminary deal with Singaporean shipper Navig8 to develop fuel cells for ships. Under the deal, Doosan Fuel Cell will provide solid oxide fuel cells (SOFCs), energy conversion devices generating electricity, for a 50,000-ton ship [...]
CHANGWON, Nov. 9 (Korea Bizwire) — South Korea’s first liquid hydrogen plant, a facility that produces liquid hydrogen, is set to be established. Power plant builder Doosan Heavy Industries & Construction Co. recently signed an engineering, procurement and construction (EPC) deal for a hydrogen liquefaction project with the South Gyeongsang Provincial Government and the Changwon [...]
SEOUL, Nov. 5 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical firm, said Thursday it will collaborate with Finland-based bio diesel producer Neste to develop renewable materials for its chemical products. LG Chem and Neste signed a strategic long-term partnership to develop biopolymers and biochemicals to reduce use of fossil feedstock in the [...]
SEOUL, Nov. 4 (Korea Bizwire) — Hankook Tire & Technology Co., the world’s seventh-largest tiremaker by sales, said Wednesday it has been supplying tires for Audi RS models this year. Hankook Tire has supplied the high-performance Ventus S1 evo 3 and Winter i*cept evo2 tires for Audi’s RS 7 Sportback sedan and RS6 Avante wagon [...]
SEOUL, Nov. 4 (Korea Bizwire) — South Korea’s top wire and cable maker LS Cable & System announced on Tuesday that it is ready to mass-produce a newly-developed optical cable that is designed prevent hacking. The company developed the hack-proof optical cable using special fiber optics with enhanced coatings. The company noted that the brand-new [...]
SEOUL, Nov. 3 (Korea Bizwire) — Doosan Infracore Co. said Tuesday its Chinese unit has produced its 200,000th excavator in the country. The accumulated output came 26 years after South Korea’s leading construction equipment maker entered the Chinese market in October 1994, the company said in an emailed statement. The Chinese excavator market is expected [...]
SEOUL, Oct. 30 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Friday its shareholders approved the company’s proposal for the spin-off of its battery business. Shares in LG Chem fell 6.14 percent to 611,000 won, underperforming the broader KOSPI’s 2.56 percent decline. The move will pave the way for LG Chem [...]
SEOUL, Oct. 30 (Korea Bizwire) — LG Chem Ltd. was the world’s biggest supplier of electric vehicle (EV) batteries in the first nine months of this year thanks to robust demand from global automakers, a market research firm said Friday. South Korea’s largest chemical company accounted for a 24.6 percent share of the global EV [...]
BUSAN, Oct. 29 (Korea Bizwire) — A South Korean research team has announced plans to develop an eco-friendly hybrid ship for collecting marine waste floating in the Pacific Ocean. The Hydrogen Ship Technology Center at Pusan National University in Busan said Tuesday that it will carry out a project to develop the eco-friendly ship for [...]